Proskauer Rose LLP
On July 27, 2022, Senator Joe Manchin (D-W.Va.) and Senate Majority Leader Chuck Schumer (D-N.Y.) released the Inflation Reduction IRA of 2022 (the "IRA").
As a general matter, the FBAR is not a difficult tax form to prepare, at least for most taxpayers and their tax professionals. At its very basics, it merely asks for identifying information regarding...
Ward and Smith, P.A.
However, setting up your business with thoughtful consideration and guidance will pay off over time, as you can structure your business to protect your personal assets, lessen your tax...
On July 27, 2022, US Senators Chuck Schumer and Joe Manchin announced that they reached a deal on a budget reconciliation bill generally intended to combat inflation.
Morrison & Foerster LLP
On July 28, 2022, Congress passed the CHIPS Act (CHIPS). Among other things, CHIPS adds Section 48D to the Internal Revenue Code, which provides a new advanced manufacturing investment tax credit for investments in semiconductor manufacturing.
Miller, Canfield, Paddock and Stone P.L.C.
Three courts—the Supreme Court, the Sixth Circuit, and the Tax Court—recently rejected administrative guidance in tax cases because the guidance was either wrong as applied, unnecessary, or inapplicable.
The Tax Relief and Health Care Act of 2006 established the Whistleblower Office of the Internal Revenue Service ("IRS"). According to the IRS, the Whistleblower Office...
Duane Morris LLP
On July 27, 2022, West Virginia Senator Joe Manchin and Senate Majority Leader Chuck Schumer introduced the Inflation Reduction Act of 2022...
Norton Rose Fulbright US LLP
On July 27, 2022, Senators Manchin and Schumer released the text of the proposed Inflation Reduction Act of 2022 (IRA),1 which would extend and expand the tax credits associated with clean energy.
On July 27, 2022, Senator Joe Manchin and Senate Majority Leader Chuck Schumer announced that they have reached an agreement on a budget reconciliation bill.
Dinsmore & Shohl
The Multistate Tax Commission has undertaken an ambitious project on the state taxation of partnerships.
Shearman & Sterling LLP
On July 27, 2022, Senators Manchin and Schumer announced that they agreed to a proposed reconciliation package, the Inflation Reduction Act of 2022, H.R. 5376 (the "Bill").
Freeman Law's "The Tax Court in Brief" covers every substantive Tax Court opinion, providing a weekly brief of its decisions in clear, concise prose.
In Eisner v. Macomber, the U.S. Supreme Court ruled that for purposes of the Sixteenth Amendment, "income" was "a gain, a profit, something of exchangeable value proceeding from the property...
Last night, after weeks of negotiations, Senators Manchin and Schumer reached a deal on an energy and healthcare bill titled the Inflation Reduction Act of 2022 (the "Act").
Historically, independent schools have not been required to comply with certain federal non-discrimination laws, including Title IX of the Education Amendments Act of 1972 (Title IX).
Winston & Strawn LLP
On July 27, 2022, Senator Joe Manchin (D-WV) and Senate Majority Leader Chuck Schumer (D-NY) announced that they have reached an agreement on a reconciliation package that stems from negotiations...
Winston & Strawn LLP
On July 27, 2022, Senator Joe Manchin (D-WV) and Senate Majority Leader Charles E. Schumer (D-NY) announced a last-minute deal—the Inflation Reduction Act of 2022...
Cohen & Buckmann
As executive compensation attorneys, we hear this question from our clients frequently.
Prior to 2018, widely-used tax plans of U.S.-based multinational groups were designed to achieve three basic goals in connection with ...